American Express (NYSE:AXP) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in American Express (NYSE:AXP) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,903 shares of the payment services company’s stock after purchasing an additional 467 shares during the quarter. Apollon Wealth Management LLC’s holdings in American Express were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new stake in shares of American Express in the third quarter worth approximately $29,000. DHJJ Financial Advisors Ltd. raised its stake in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of American Express in the 3rd quarter valued at $46,000. Capital Performance Advisors LLP purchased a new stake in shares of American Express during the 3rd quarter valued at $48,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of American Express during the 2nd quarter worth $42,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Express news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the sale, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

American Express Price Performance

Shares of AXP stock opened at $288.60 on Wednesday. The firm has a fifty day moving average of $269.33 and a two-hundred day moving average of $249.86. The firm has a market cap of $203.30 billion, a P/E ratio of 21.24, a P/E/G ratio of 1.56 and a beta of 1.21. American Express has a 1-year low of $153.50 and a 1-year high of $296.83. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. During the same period last year, the firm earned $3.30 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, October 4th. American Express’s dividend payout ratio is currently 20.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AXP shares. Morgan Stanley boosted their price target on American Express from $248.00 to $252.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. HSBC cut American Express from a “buy” rating to a “hold” rating and boosted their target price for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. TD Cowen raised their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Evercore ISI boosted their price objective on shares of American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group raised their target price on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average price target of $253.09.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.